the smart are buying in big chunks , page-9

the opening of the Melbourne office has just been announced.

two thirds of the way into the HY and profits are already running at half the 2007 FY results - despite the lumpy nature of the corporate end.

That's a great result and means the profits this FY 2008 are currently running 50% higher than last year so far.

So extrapolating out for the FY 2008 - we should see a Net profit of $4.5 mill plus.

Also huge fees will be derived if the FAS takeover of GWR goes ahead - and Tasman IPO should keep the corporate fees ticking over.

the lumpy nature of the corporate side you'd think should even out over the rest of the year - and with the law of averages should contribute more so for the rest of this financial year and the 2nd half.

so a $5 mill plus NP is not out of the question for the FY 2008.